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Belgium Polished Trade Drops in February

Mar 8, 2018 4:00 AM   By Rapaport News
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RAPAPORT... Belgium’s polished-diamond exports slid last month, according to data from the Antwerp World Diamond Centre (AWDC).

Polished exports decreased 6% year on year to $1.28 billion in February and, by volume, fell 5% to 503,890 carats. The average price declined 1% to $2,535 per carat.

Polished exports to the US slumped 21% to $201.2 million, while shipments to Hong Kong dropped 10% to $667.6 million.

Polished imports fell 3% to $719 million, while net polished exports — the excess of exports over imports — slipped 9% to $558.3 million.

Rough imports slid 5% to $866.3 million, while rough exports were down 6% to $1.02 billion. Net rough imports stood at negative $156.6 million compared with negative $179.9 million a year before.

The country’s net diamond account — the sum of rough and polished exports minus total imports — dipped 10% to $715 million in February.
Tags: Antwerp World Diamond Centre, AWDC, Belgium, net diamond account, Polished Trade, polished-diamond exports, Rapaport News
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